Economy
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Dangote refinery emerges as Nigeria’s growing manufacturing capability, says FG
The Federal Government has expressed that Dangote Petroleum Refinery and Petrochemicals has emerged as a powerful symbol of Nigeria’s growing manufacturing capability, value addition and industrial competitiveness across the globe. This was disclosed by Minister of State for Industry, Senator John Owan Enoh after leading a high-level delegation from the Ministry on an extensive tour of the 700,000 barrels-per-day Dangote…
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Global economic shifts offer Nigeria, Africa path to growth — Okonjo-Iweala, Cardoso
The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, have said the changing global economic landscape offers Nigeria and other African countries an opportunity to accelerate industrialisation, expand trade and strengthen their economies. Speaking at the Seventh Africa Emerging Market Forum in Abuja on Wednesday, the two…
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SEC commences full e-registration for capital market services
The Securities and Exchange Commission (SEC) has commenced the implementation of a fully electronic registration process for capital market operators, enabling designated regulatory services to be completed entirely online as part of efforts to modernise Nigeria’s capital market and improve regulatory efficiency. The Commission, in a statement issued on Wednesday, said the new electronic registration (e-Registration) platform, deployed through its…
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Communication strategy helped Nigeria to secure $30bn Paris Club debt relief, says Okonjo-Iweala
The Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, on Wednesday recounted how a deliberate communication strategy helped Nigeria secure the landmark $30 billion Paris Club debt relief during the administration of former President Olusegun Obasanjo. Okonjo-Iweala spoke in Abuja at the public presentation of The Pain and the Promise, a new book by communications expert and public affairs analyst,…
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Presidential aide tackles CBN over tightened interest rate policy
Special adviser to President Bola Tinubu on economic affairs, Tope Fasua has called on the Central Bank of Nigeria’s (CBN) to rethink its monetary policy framework, stressing that Nigeria’s economic structure makes an aggressive interest rate regime less effective in tackling inflation while constraining growth. He spoke on Wednesday at the seventh Africa Emerging Markets Forum in Abuja. The president’s…
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Bagudu emphasises investment over aid as Canada affirms Nigeria as a strategic partner in Africa
The Chargé d’Affaires of the Canadian High Commission, Dr David Sproule, has affirmed that Nigeria is Canada’s strategic partner in Africa and has pledged continued collaboration to advance economic growth, youth employment, private-sector development, climate resilience, and institutional strengthening. Sproule spoke at a high-level meeting with the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, at the ministry’s…
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Aviation unions issue airlines fresh seven-day ultimatum over 5% TSC
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) have issued a fresh seven-day ultimatum to airline operators to remit the outstanding five per cent ticket sale charges (TSC) owed to aviation agencies. A letter conveying the ultimatum was jointly signed by Frances Akinjole, general secretary of ATSSSAN, and Odinaka…
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NITDA pledges more support for community digital training
The Nigerian Information Technology Development Agency (NITDA) has reaffirmed its commitment to expanding digital inclusion through strategic partnerships that equip underserved communities with digital skills and access to technology, as part of efforts to accelerate Nigeria’s digital transformation. Director-General of NITDA, Kashifu Inuwa, gave the assurance during a courtesy visit by the Executive Director of Cal-Maji Foundation, Mrs. Faith Ayuba,…
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Awele Elumelu calls for enabling environment to drive Africa’s economic growth
By Folashade Olorunfemi – The Chairperson of Avon Medical Practice Limited, Awele Elumelu, has said the global success of Africa’s music industry reflects the continent’s potential to excel in other sectors if provided with the right support and enabling environment. Speaking at an event for young entrepreneurs, Elumelu recalled how her family was excited by Beyoncé’s album featuring Tiwa Savage,…
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LAMATA, MOFI host stakeholders as AfDB assesses Green Line project
The Lagos Metropolitan Area Transport Authority (LAMATA), in collaboration with the Ministry of Finance Incorporated (MOFI), hosted key stakeholders as the African Development Bank (AfDB) assessed the Lagos Rail Mass Transit (LRMT) Green Line project for proposed financing. The meeting, held on July 24 at the Lagos Oriental Hotel, Victoria Island, formed part of the AfDB’s appraisal mission to evaluate…
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